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Total revenue in Q2 2026 was $152.2 million, compared with $171.8 million in 2025. Total revenue in the first half of 2026 was $294.4 million.
August 5, 2026
By: Rachel Klemovitch
Universal Display Corporation reported financial results for the second quarter ended June 30, 2026.
We see OLED’s next growth phase beginning to take shape,” said Brian Millard, Chief Financial Officer of Universal Display. “While portions of the consumer electronics market face near-term challenges, we continue to see significant investment across the OLED ecosystem, including new Gen 6 and Gen 8.6 capacity, expanding adoption in IT, automotive and emerging form factors, and continued advances in OLED technologies. Through our leadership in OLED materials and innovation, we remain focused on helping customers unlock the next generation of OLED performance and adoption.”
Total revenue in the second quarter of 2026 was $152.2 million, compared with $171.8 million in the second quarter of 2025. Also, total revenue in the first half of 2026 was $294.4 million as compared to $338.1 million in the first half of 2025.
Revenue from material sales was $66.2 million in the second quarter of 2026, compared with $88.7 million in the second quarter of 2025. The decrease was primarily due to lower unit material volume, changes in customer mix, and a $6.9 million unfavorable period-over-period change in the cumulative catch-up adjustment for material sales
Revenue from royalty and license fees was $81.2 million in the second quarter of 2026, compared with $75.7 million in the second quarter of 2025. The increase was primarily driven by a $16.3 million favorable period-over-period change in the cumulative catch-up adjustment for royalty and license fees, partially offset by lower unit material volume and changes in customer mix.
Cost of material sales was $33.4 million in the second quarter of 2026, compared with $34.2 million in the second quarter of 2025.
Total gross margin was 76% in the second quarter of 2026, compared with 77% in the second quarter of 2025.
Operating income was $53.6 million in the second quarter of 2026, compared with $68.5 million in the second quarter of 2025. Net income was $49.4 million, or $1.06 per diluted share, in the second quarter of 2026, compared to $67.3 million, or $1.41 per diluted share, in the second quarter of 2025.
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